The global biopesticides market is anticipated to grow at a significant CAGR of around 12% during the forecast period. Biopesticides are defined as pesticides that are derived from naturally occurring minerals or animals, plants, and insects. The use of biopesticides aids in reducing the adverse effects on environments that are anticipated to be the major driving factor for the growth of the biopesticides market. Soil erosion is also minimized with the use of biopesticides. Additionally, biopesticides don’t harm any living organism other than the targeted species which will increase the adoption of biopesticides significantly during the forecast period.
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However, the already established market of synthetic pesticides will majorly restrict the growth of the biopesticides market. In addition to this, the lack of awareness regarding the benefits of biopesticides will hamper the biopesticides market. Additionally, the less shelf life of biopesticides compared to synthetic pesticides is another challenge for the biopesticides market. Besides, the increasing R&D activities coupled with the new product launches by key players will present new growth opportunities to the biopesticides market during the forecast period.
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Biopesticides Market Segmentation
By Type
- Bioherbicide
- Bioinsecticide
- Biofungicide
- Others (Bionematicides)
By Source
- Microbial Pesticide
- Plant Pesticide
- Biochemical Pesticide
By Application
- Foliar Spray
- Seed Treatment
- Soil Treatment
- Post-harvest
Regional Analysis
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- AEF GLOBAL
- Agri Life
- Andermatt Biocontrol AG
- BASF SE
- Bayer AG (Bayer Cropscience Ltd.)
- BioTEPP Inc.
- Bioworks Inc.
- Certis USA L.L.C.
- Corteva Agriscience
- CropLife Canada Inc.
- FMC Corp.
- Isagro S.p.a.,
- Koppert Biological Systems
- Marrone Bio Innovations, Inc.
- Novozymes A/S
- SEIPASA, S.A.
- Som Phytopharma India Ltd.
- Sumitomo Chemical Co., Ltd.
- Syngenta AG
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